General Motors Corp. posts a record annual loss of $38.7 billion but also provides better-than-expected guidance for 2008 and offers a richer, wider-ranging buyout package for its unionized hourly workers. The attrition would clear the way for GM to hire replacements at a lower wage-rate, in accordance with a new contract provision negotiated in 2007 with the United Auto Workers union. Late last year, the auto maker announced a buyout offer to union employees at select locations. But GM ...

Premium Content (PAID Subscription Required)

"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Amber McLincha by email: or phone: (248) 799-2622

Current subscribers, please login or CLICK for support information.